Nvidia Corp. shares ticked higher in the extended session Wednesday after the chip maker’s forecast exposure to a U.S. ban on certain tech sales to China did not prevent it from topping Wall Street revenue estimates. Nvidia (NVDA) shares rose 2% after hours, following a 4.5% decline in the regular session to close at $159.10. Nvidia reported third-quarter net income of $680 million, or 27 cents a share, compared with $2.46 billion, or 97 cents a share, in the year-ago period. Read More...
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The Troubling Past of Matt Damon’s Crypto.com CEO Resurfaces
The unexpected bankruptcy of FTX, one of the largest cryptocurrency exchanges in the world, caused an earthquake in business and political circles. The magnitude of the shock reflects the central role played by FTX and its founder, Sam Bankman-Fried, in building the young industry, which aims to disrupt traditional financial services. “If you are running a background check on someone like Sam [Bankman-Fried] you are not going to find anything, he was unblemished, if you will, prior to this incident,” Anthony Scaramucci, the founder of alternative investment company SkyBridge Capital said at the Bloomberg New Economy Forum in Singapore on November 15.
